The global point of sale display market size was worth around USD 12.63 Billion in 2022 and is predicted to grow to around USD 25.7 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.23% between 2023 and 2030.
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➤ Increasing competition to drive market demand
The retail sector, which is one of the fastest growing sectors and the largest consumer of POS displays, is expected to experience growth in the global point of sale display market due to the increasing competition. The market is becoming increasingly competitive as a result of the increasing number of players entering the retail segment and the food & beverages (F&B) sector. Each player is striving to establish a unique selling proposition that sets them apart from their competitors.
➤ The market’s development is restricted by the high initial cost.
The initial investment for high-quality point-of-sale displays can be exorbitant due to the fact that the material used in their production, design, and other attributes necessitate a high degree of creativity, resulting in a higher cost. Furthermore, retailers are required to allocate funds for the acquisition of software and hardware that guarantee the efficient operation of point-of-sale displays. Additionally, installation and employee training expenses are included in the total cost. This can serve as a substantial impediment to the point-of-sale display industry, particularly for medium-sized or small-scale players who may not perceive the advertising instrument as cost-effective.
➤ Increasing the adoption of digital payment systems to create growth opportunities
In the present day, there is an increasing trend toward the adoption of contactless or frictionless payments, which is why digital payments are garnering more attention. E-wallets, credit cards, or unified payment interfaces (UPI) are employed by numerous consumers to make purchases, regardless of their size. This trend has the potential to increase demand in the global point of sale display market, as it provides consumers with a more convenient and streamlined purchasing process. Additionally, consumers may favor making rapid purchases in order to circumvent the lengthy lines that are typically observed at supermarkets or hypermarkets, which could potentially benefit the demand for point-of-sale displays.
➤ The industry’s expansion may be hindered by the rapid evolution of technology.
With the increasing integration of other tools or the addition of new features, the various types of technology used in POS displays are undergoing rapid evolution. This can result in the older versions of POS displays becoming redundant in a brief period of time, thereby losing their efficiency. Furthermore, the point of sale display industry growth may be impeded by the increasing competition in the global market, which could make it difficult for businesses to distinguish themselves and establish a presence in the sector.
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The Global Point Of Sale Display Market is segmented based on product, application and region
Global Point Of Sale Display Market: Product Segment Analysis
● Floor Displays
● Countertop Displays
● Pallet Displays
● Sidekick Displays
● Endcap Displays
● Others
Global Point Of Sale Display Market: Application Segment Analysis
● Food & Beverage
● Pharmaceuticals
● Cosmetics & Personal Care
● Electronics
● Automotive
● Home Furnishings
● Others
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The global Point Of Sale Display market profiles key players such as:
● Elo Touch Solutions Inc.
● Samsung Electronics
● Panasonic Corporation
● Toshiba Corporation
● LG Display
● Hewlett-Packard Development Company
● L.P.
● NEC Corporation
● Planar Systems Inc.
● Christie Digital Systems USA Inc.
● Sharp Corporation
● Diebold Nixdorf Inc.
● Fujitsu Limited
● Ingenico Group
● Dell Technologies Inc.
● Square Inc
???? Recent Developments:
• Dutchie, a company that provides a comprehensive selection of products to assist the cannabis industry, announced the introduction of a new cannabis point-of-sale platform in August 2022. The platform includes a dual-screen terminal for dispensaries. Dutchie POS is the product, and it is being introduced mere weeks after the company’s previous announcement regarding Dutchie Pay. Both products can function in harmony to offer cannabis operators a seamless platform for conducting business.
• ParTech, Inc., a well-known restaurant technology company, announced in May 2022 that California Pizza Kitchen has chosen its Data Central restaurant back-office application for comprehensive and effective data management. An enterprise-level commerce cloud platform is the focus of ParTech.
➤ North America is expected to produce the highest compound annual growth rate (CAGR
North America is anticipated to experience the most significant development in the global point of sale display market, primarily as a result of the sophisticated retail sectors in the United States and Canada. The United States is expected to become the largest regional market share holder as consumers continue to favor contactless transaction methods, such as payment through point-of-sale displays. Additionally, the increasing demand for a superior checkout experience may result in a rise in revenue in the region, as well as an increase in expenditure by retailers to attract more consumers and promote sales.
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